he recent rally in gold is starting to run out of steam. It has run to far to fast without any pullback. This last rally is sucking all the retail traders into hoping this market will blast off. That is exactly when you want to get short and look for a pullback to 1200 if not lower. Gold rallied after the stock market began its sell off, which should be very concerning for most traders. If the rally was a true change of trend you would have seen gold become the flight to quality not the bonds. The smart money out there realizes that there are a lot of gold bulls that never lose faith. So if the smart money can start the rally the retail bulls will push the market the rest of the way. Gold stalled out right at the previous weekly resistance. There might be one more push to get all the late traders on the trend but the market should not get much above 1310. Option traders can start buying puts anywhere between 1100-1200 with 3-6 months till expiration. This market should fall pretty fast if it is going to stall out.